NIOC boss: Iran’s daily crude exports at 1.8 million barrels

Managing Director of the National Iranian Oil Company (NIOC) Rokneddin Javadi said that Iran has increased its crude oil export to 1.8 million barrels a day, Shana, Ministry of Petroleum’s news agency has informed.

According to Shana, Javadi last week said that post-sanctions development will be the main item on the oil industry’s agenda during the Fifth Five-Year Economic Development Plan.

He set the 4-billion-barrel output as the next Iranian year’s target and added: “The rising trend of oil exports will continue too.” The Iranian new year falls on March 21.

Javadi also said that NIOC is required to produce 2 billion barrels of oil a year to be able to carry out its development plans in terms of optimization of production, new explorations, and enhanced oil recovery.

The NIOC chief said that exploration will be the industry’s major policy to materialize the objectives stipulated by the resistive economy and that the new oil contract models are an opportunity to cooperate with foreign firms and upgrade Iranian firms’ capacity and performance.

Share this article

Follow Offshore Energy Today

Posted on March 14, 2016 with tags .

Events>

<< Feb 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 1 2 3

19th Annual Arctic Oil & Gas Symposium

CI Energy’s 19th Annual Arctic Oil & Gas Symposium has brought together hundreds…

read more >

Egypt Petroleum Show

This event will feature 500+ regional & international exhibiting companies from over 35 countries…

read more >

INTERNATIONAL PETROLEUM WEEK 2019

International Petroleum (IP) Week is a renowned and respected fixture in the annual calendar…

read more >

Fuel Cell Expo 2019

FC EXPO is world’s largest show for hydrogen & fuel cell…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply